Allen Stanford gets beaten up in jail
Sep 28th 2009 10:10AM
Updated Dec 3rd 2009 1:21PM
Disgraced Texas financier R. Allen Stanford was beaten up in jail and needed to be hospitalized over the weekend, according to several media sources.
After being treated for minor injuries, Stanford was returned to the Joe Corley Detention Facility in Conroe, Texas, on Sunday.
Stanford, the founder of Stanford Financial Group, who is facing 21 federal felony charges for an alleged $7 billion Ponzi scheme, is having a rough time behind bars. In early September, he required a heart catheterization after his pulse rose dangerously high.
Stanford has been at the prison since July after he was accused of defrauding thousands of clients and using their money to support a billionaire's lifestyle. He is pending trial.Douglas A. McIntyre is an editor at 24/7 Wall St.